Survey: Being out of cash is the American way
By HELEN HUNTLEY
Published June 27, 2005
The United States apparently has no peer when it comes to the paycheck-to-paycheck lifestyle. A.C. Nielsen says Americans are four times more likely than the Chinese or Mexicans to say they have "no spare cash" after covering essential living expenses. A whopping 28 percent of U.S. respondents claimed to have no extra cash in a recent survey of consumers in 38 markets around the world.
Americans who said they have spare cash put debt repayment as their top priority. Asian consumers were two to three times as likely as Americans to say they save or invest their extra money.